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Intangible Assets
9 Months Ended
Dec. 31, 2020
Goodwill And Intangible Assets Disclosure [Abstract]  
Intangible Assets

8. Intangible Assets

Our definite-lived intangible assets, other than capitalized software development costs, are summarized as follows:

 

 

 

December 31, 2020

 

 

 

Customer

Relationships

 

 

Trade Names

 

 

Software

Technology

 

 

Total

 

Gross carrying amount

 

$

39,200

 

 

$

250

 

 

$

91,500

 

 

$

130,950

 

Accumulated amortization

 

 

(25,250

)

 

 

(55

)

 

 

(65,524

)

 

 

(90,829

)

Net intangible assets

 

$

13,950

 

 

$

195

 

 

$

25,976

 

 

$

40,121

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

March 31, 2020

 

 

 

Customer

Relationships

 

 

Trade Names

 

 

Software

Technology

 

 

Total

 

Gross carrying amount

 

$

39,200

 

 

$

250

 

 

$

113,700

 

 

$

153,150

 

Accumulated amortization

 

 

(21,951

)

 

 

(17

)

 

 

(73,373

)

 

 

(95,341

)

Net intangible assets

 

$

17,249

 

 

$

233

 

 

$

40,327

 

 

$

57,809

 

 

Amortization expense related to customer relationships and trade names recorded as operating expenses in the condensed consolidated statements of net income and comprehensive income was $1,112 and $964 for the three months ended December 31, 2020 and 2019, respectively. Amortization expense related to software technology recorded as cost of revenue was $4,344 and $4,681 for the three months ended December 31, 2020 and 2019, respectively.

Amortization expense related to customer relationships and trade names recorded as operating expenses in the condensed consolidated statements of net income and comprehensive income was $3,336 and $2,694 for the nine months ended December 31, 2020 and 2019, respectively. Amortization expense related to software technology recorded as cost of revenue was $14,352 and $13,257 for the nine months ended December 31, 2020 and 2019, respectively.

The following table summarizes the remaining estimated amortization of definite-lived intangible assets as of December 31, 2020:

 

 

 

Estimated Remaining Amortization Expense

 

 

 

Operating

Expense

 

 

Cost of

Revenue

 

 

Total

 

For the year ended March 31,

 

 

 

 

 

 

 

 

 

 

 

 

2021 (remaining three months)

 

$

1,112

 

 

$

2,310

 

 

$

3,422

 

2022

 

 

3,525

 

 

 

8,873

 

 

 

12,398

 

2023

 

 

2,820

 

 

 

5,154

 

 

 

7,974

 

2024

 

 

2,279

 

 

 

3,573

 

 

 

5,852

 

2025

 

 

1,846

 

 

 

3,573

 

 

 

5,419

 

2026 and beyond

 

 

2,563

 

 

 

2,493

 

 

 

5,056

 

Total

 

$

14,145

 

 

$

25,976

 

 

$

40,121